MARLTON, N.J. and WASHINGTON, July 11, 2011 (GLOBE NEWSWIRE) — Hill International (NYSE:HIL), the global leader in managing construction risk, announced today that the company, in joint venture with The Louis Berger Group, has received a contract from the U.S. General Services Administration to provide project management services in connection with customs and border protection projects nationwide. The contract, consisting of a one-year base term and four one-year option terms, has an estimated value to Hill of approximately .9 million assuming all option years are exercised.
Under the contract, the Berger/Hill joint venture will be assisting and supporting GSA’s Special Programs Division in directing and managing the implementation of the facilities and/or infrastructure to support the division’s programs, including the Customs and Border Protection Housing Program, Western Hemisphere Travel Initiative, U.S. Visitor and Immigrant Status Indicator Technology (US-VISIT), Radiation Portal Monitor, the Homeland Security Data Network, the Emergency Generator Capacity Study, the Outbound Inspection Program, Port Hardening, Signage and other future programs.
“We are proud that GSA continues to rely on Hill to manage its most important construction projects and programs,” said Thomas J. Spearing III, President of Hill’s Project management Group (Americas).
Hill International, with 3,100 employees in 100 offices worldwide, provides program management, project management, construction management and construction claims and consulting services. Engineering News-Record magazine recently ranked Hill as the 8th largest construction management firm in the United States. For more information on Hill, please visit our website at www.hillintl.com.
The Hill International, Inc. logo is available at http://ping.fm/aE3uO
Certain statements contained in this press release may be considered “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, and it is our intent that any such statements be protected by the safe harbor created thereby. Except for historical information contained in this press release, the matters set forth herein including, but not limited to, any projections of earnings or other financial items; any statements concerning our plans, strategies and objectives for future operations; and any statements regarding future economic conditions or performance, are forward-looking statements. These forward-looking statements are based on our current expectations, estimates and assumptions and are subject to certain risks and uncertainties. Although we believe that the expectations, estimates and assumptions reflected in our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Important factors that could cause our actual results, performance and achievements, or industry results to differ materially from estimates or projections contained in our forward-looking statements include: modifications and termination of client contracts; control and operational issues pertaining to business activities that we conduct on our own behalf or pursuant to joint ventures with other parties; difficulties we may incur in implementing our acquisition strategy; the need to retain and recruit key technical and management personnel; and unexpected adjustments and cancellations related to our backlog. Additional factors that could cause actual results to differ materially from our forward-looking statements are set forth in the reports we have filed with the Securities and Exchange Commission. We do not intend, and undertake no obligation, to update any forward-looking statement.
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CONTACT: Hill International, Inc.
John P. Paolin
Vice President of Marketing and Corporate Communications
(856) 810-6210
johnpaolin@hillintl.com
The Equity Group Inc.
Devin Sullivan
Senior Vice President
(212) 836-9608
dsullivan@equityny.com
http://bit.ly/rkKIRq
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